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The cost of long-term care is rising amid staffing shortages. How to cover these expenses

March 18, 2022

From the CNBC website

Long-term care expenses are growing, with sizable hikes for home-based services as the industry struggles to meet soaring demand from aging Americans.   

That’s according to Genworth’s 2021 Cost of Care Survey, a yearly report covering nationwide senior caregiving.

While the median yearly costs rose across all provider types, home-based expenses — such as home health aids for bathing, dressing or eating, and homemaker services for cooking, cleaning or errands —grew by double-digit percentages in 2021.

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